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← PETER FANEUIL DEVELOPMENT GROUP INC

Form 990 for tax year 2022

Filed by PETER FANEUIL DEVELOPMENT GROUP INC.

Totals

Total revenue
$614,484
Total expenses
$657,819
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$596,326
Investment income
$10,386
Other revenue
$7,772
Total assets, end of year
$3,559,743
Total liabilities, end of year
$2,217,737
Net assets or fund balances, end of year
$1,342,006
Program services expenses (Part IX)
$583,121
Management and general expenses
$74,698
Fundraising expenses
$0
Program service expenses (Part III)
$583,121

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL PAYMENTS

    total $589,246 · related or exempt $589,246

  • 2b · Program service revenue: LAUNDRY INCOME

    total $7,080 · related or exempt $7,080

  • 3 · Investment income

    total $10,386 · excluded $10,386

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,772 · related or exempt $7,772

  • 11e · Other revenue, total

    $7,772

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $152,569 · program services $99,143 · management and general $53,426

  • 11c · Fees: accounting

    total $2,689 · program services $2,689

  • 11d · Fees: lobbying

    total $21,272 · management and general $21,272

  • 11g · Fees: other

    total $90 · program services $90

  • 12 · Advertising and promotion

    total $20 · program services $20

  • 13 · Office expenses

    total $5,946 · program services $5,946

  • 17 · Travel

    total $108,012 · program services $108,012

  • 20 · Interest

    total $65,581 · program services $65,581

  • 22 · Depreciation, depletion and amortization

    total $157,558 · program services $157,558

  • 23 · Insurance

    total $24,688 · program services $24,688

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $97,199 · program services $97,199

  • 24b · Other expenses: ADMINSTRATION EXP

    total $10,813 · program services $10,813

  • 24c · Other expenses: SECURITY SERVICES

    total $8,961 · program services $8,961

  • 24d · Other expenses: MISC. EXPENSES

    total $2,421 · program services $2,421

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $344,553 · end of year $321,094

  • 4 · Accounts receivable

    beginning of year $6,375 · end of year $4,607

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,689 · end of year $6,153

  • 10a · Land, buildings and equipment: cost or other basis

    $5,863,539

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,544,211

  • 10c · Land, buildings and equipment, net

    beginning of year $2,416,809 · end of year $2,319,328

  • 15 · Other assets

    beginning of year $828,531 · end of year $908,561

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,650 · end of year $38,453

  • 19 · Deferred revenue

    beginning of year $94,880 · end of year $84,154

  • 23 · Secured mortgages and notes payable

    beginning of year $2,021,212 · end of year $2,053,689

  • 25 · Other liabilities

    beginning of year $39,874 · end of year $41,441

  • 27 · Net assets without donor restrictions

    beginning of year $1,380,801 · end of year $1,337,466

  • 28 · Net assets with donor restrictions

    beginning of year $4,540 · end of year $4,540

Mission and programs · 2022

Mission

TO DEVELOP AND OPERATE HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES.

  • PETER FANEUIL HOUSE IS A 48 UNIT AFFORDABLE HOUSING PROPERTY IN THE FORMER FANEUIL SCHOOL ON BEACON HILL IN BOSTON, MASSACHUSETTS. PETER FANEUIL HOUSE PROVIDES HOUSING AND RELATED SERVICES FOR QUALIFIED LOW INCOME TENANTS AND THEIR FAMILIES.

    Expenses $583,121 · Revenue $604,098

As filed on the 2022 return.

Listed in Part VII

  • Harold J Caroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meredith Clapp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy Matilla

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Besser

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Nancy B Crawley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2023
IRS schema version
2022v5.0
Source object
202321579349300137

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